SAN ANTONIO — Rackspace Hosting Inc. saw its share price fall nearly 12 percent Tuesday, a day after releasing financial results that showed profits were down at the cloud-computing and web-hosting company.

The San Antonio company's stock price closed at $43.45, down $5.86 from its price when the markets closed Monday.

Its share price Tuesday evening was roughly half of what it traded for when it hit its all-time high in January. However, it has rebounded from when it hit a 52-week low of $34.46 in June.

The share price took a pounding earlier this year after Rackspace reported financial results that missed Wall Street's expectations — because of slower-than-expected revenue growth — for two quarters in a row.

Rackspace executives Monday reported mixed financial results for the third quarter of 2013. Revenues were up 16 percent when compared with the same quarter in 2012, but profits were down 40 percent.

Company officials attributed the smaller profit margin to the company's growing investment in personnel and research and development.

CEO Lanham Napier told Wall Street analysts Monday that revenue growth during the third quarter came in near the top of management's expectations and that he expected that it would continue to accelerate in the fourth quarter.